GREATER DES MOINES CONVENTION & VISITORS BUREAU INC

EIN: 421221738

DES MOINES, IA

Total Revenue
$8,459,294
Total Expenses
$7,872,615
Total Assets
$5,415,864
Net Assets
$3,166,776
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
IA
Principal Officer
TRINA FLACK
Phone
5156993438
Tax Period
2024-07-01 to 2025-06-30

GREATER DES MOINES CONVENTION & VISITORS BUREAU INC, founded in 1983, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $7.9M left a modest 7% surplus.

Mission

TO PROMOTE THE GREATER DES MOINES AREA

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,715,114
Program Service Revenue $678,327
Investment Income $23,565
Other Revenue $42,288
TOTAL REVENUE $8,459,294

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,941,237
Fundraising Expenses $0
Other Expenses $4,931,378
TOTAL EXPENSES $7,872,615

Year-over-Year Comparison

2024 2023 Change
Revenue $8,459,294 $7,616,613 +0.1%
Expenses $7,872,615 $7,787,419 +0.0%
Net Income $586,679 $-170,806 -4.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
28
Independent Members
28
Employees
57
Volunteers
808

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$371,022
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONNIE BOESEN EXECUTIVE COMMITTEE - AT L 1.00
Officer Director
$0 $0 $0
BRANDON DANNER EXECUTIVE COMMITTEE - AT L 1.00
Officer Director
$0 $0 $0
BRIAN MULCAHY CHAIR 1.00
Officer Director
$0 $0 $0
CHRIS CONNOLLY TREASURER/SECRETARY 1.00
Officer Director
$0 $0 $0
GREG HUDSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
DAVID ADELMAN DIRECTOR 1.00
Director
$0 $0 $0
BOB ANDEWEG DIRECTOR 0.33
Director
$0 $0 $0
STEVE ARMSTRONG DIRECTOR 0.33
Director
$0 $0 $0
BRIAN BECKER DIRECTOR 0.33
Director
$0 $0 $0
BOBBI BENTZ DIRECTOR 0.33
Director
$0 $0 $0
ANGELA CONNOLLY DIRECTOR 0.33
Director
$0 $0 $0
PAULA DIERENFELD DIRECTOR 0.33
Director
$0 $0 $0
LARRY FEEBACK DIRECTOR 0.33
Director
$0 $0 $0
SARAH HAINES DIRECTOR 0.33
Director
$0 $0 $0
BRIAN HARDIN DIRECTOR 0.33
Director
$0 $0 $0
STEVE KARSJEN DIRECTOR 0.33
Director
$0 $0 $0
ERIC KLEIN DIRECTOR 0.33
Director
$0 $0 $0
AMANDA LUNDSTEDT DIRECTOR 0.33
Director
$0 $0 $0
MIKE LUSKY DIRECTOR 0.33
Director
$0 $0 $0
ANGELA MCKENZIE DIRECTOR 0.33
Director
$0 $0 $0
JEREMY PARSONS DIRECTOR 0.33
Director
$0 $0 $0
KALPESH PATEL DIRECTOR 0.33
Director
$0 $0 $0
TOM PHILLIPS DIRECTOR 0.33
Director
$0 $0 $0
SUSAN SKERIES DIRECTOR 0.33
Director
$0 $0 $0
JULIE STEWART DIRECTOR 0.33
Director
$0 $0 $0
TIFFANY TAUSCHECK DIRECTOR 0.33
Director
$0 $0 $0
ROBERT WARREN DIRECTOR 0.33
Director
$0 $0 $0
KATIE WEBER DIRECTOR 0.33
Director
$0 $0 $0
GREG EDWARDS PRESIDENT/CEO 40.00
Officer
$335,210 $35,812 $371,022
SHANNON WINTERS VP OF FINANCE AND HUMAN RESOURCES 30.00
Highest
$143,854 $7,573 $151,427
BROCK KONRAD VP OF MARKETING 40.00
Highest
$150,467 $23,213 $173,680
TRINA FLACK VP OF SALES 30.00
Highest
$149,962 $6,570 $156,532
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $8,459,294 $7,872,615 $5,415,864 $586,679
2024 $7,616,613 $7,787,419 $5,117,382 $-170,806
2023 $7,291,501 $7,085,344 $3,623,879 $206,157
2022 $5,930,534 $5,858,937 $3,700,969 $71,597
2021 $3,767,003 $4,092,430 $2,863,787 $-325,427
2020 $5,764,849 $5,225,506 $3,303,976 $539,343
2019 $6,140,250 $6,135,036 $3,177,526 $5,214
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